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Correction re directors' dealings

27th Feb 2013 15:22

RNS Number : 8227Y
Avesco Group PLC
27 February 2013
 

AVESCO GROUP plc ("Avesco" or the "Company")

 

Correction re Directors' Dealings

 

 

The following amendments have been made to the "Directors' Dealings" announcement released on 30 January 2013 at 12.07pm under RNS No 7052W.

 

Certain directors, set out below, sold 95,178 Ordinary Shares in aggregate and not 95,180 Ordinary Shares in aggregate on 29 January 2013.

 

John Christmas sold 36,090 and not 36,091 Ordinary Shares and his holding following the trade is 57,371 Ordinary Shares. Graham Andrews sold 29,012 and not 29,013 Ordinary Shares and his holding following the trade is 167,852 Ordinary Shares

 

All other details remain unchanged. The full amended text is shown below.

 

 

Avesco (AIM: AVS) was notified on 30 January 2013 that its Chairman, Richard Murray, acquired 200,000 ordinary shares of 10p each in the Company ("Ordinary Shares") at 150p per Ordinary Share on 29 January 2013.

 

The Company was also notified on 30 January 2013 that certain directors, set out below, sold 95,178 Ordinary Shares in aggregate on 29 January 2013 to cover their tax liabilities arising from the recent vesting of awards under the Company's Long Term Incentive Plan as announced on 10 January 2013. These Ordinary Shares were held on behalf of the directors concerned by the Avesco Employee Benefit Trust (the "Trust").

 

Following these transactions the interests of the directors concerned (including, where applicable, their interests in shares held on their behalf by the Trust) are as set out below:

 

 

Director

Ordinary Shares traded

Bought/ sold

Price per share

Total holding following trade

% of the Company's voting rights following trade

John Christmas

36,090

Sold

149p

57,371

0. 2%

Graham Andrews

29,012

Sold

149p

167,852

0. 7%

David Crump

30,076

Sold

149p

128,684

0. 5%

Richard Murray

 

200,000

Bought

150p

5,493,206

21.2%

 

 

For further information please contact:

 

Avesco Group plc

Richard Murray, Chairman

01293 583400

John Christmas, Group Finance Director

finnCap

Ed Frisby/Rose Herbert, Corporate Finance

Brian Patient/Victoria Bates, Corporate Broking

 

020 7220 0500

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
RDSEASAXAFPDEFF

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